General Accident Insurance Company Jamaica Limited (Genac) will become the fourth company to graduate from the Junior Market to the Main Market of the Jamaica Stock Exchange (JSE) on September 27.

Genac listed on the Junior Market on September 30, 2011, after raising $416.63 million and became the 12th listed company on the newly minted market. The company has since grown its balance sheet from $3.54 billion in 2011 to a consolidated amount of $12.65 billion at the end of 2022. This was also accompanied by a rise in shareholder equity from $1.14 billion to $2.89 billion over the period.

“Since being listed on the Junior Market over 10 years ago, the company has grown its gross written premium almost seven-fold. In addition to its market leadership in Jamaica, the company has established a regional presence in Barbados and Trinidad. The directors of General Accident believe the successful application reflects its growth, increasing scope and ability to comply with the applicable governance standards for companies listed on the Main Market,” the Genac release stated

https://www.jamaicaobserver.com/business/general-accident-graduating-to-main-market/